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MidCap Financial Investment (MFIC) - 2025 Q1 - Quarterly Report
2024-08-07 20:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-00646 MIDCAP FINANCIAL INVESTMENT CORPORATION (Exact name of Registrant as specified in its charter) Maryland 52-2439556 (State or other jurisdiction of incorporation or org ...
MidCap Financial Investment Corporation Reports Financial Results for the Quarter Ended June 30, 2024
Newsfilter· 2024-08-07 20:01
Results for the Quarter Ended June 30, 2024 and Other Recent Highlights: ___________________ Net investment income per share for the quarter was $0.45, compared to $0.44 for the quarter ended March 31, 2024 Net asset value per share as of the end of the quarter was $15.38, compared to $15.42 as of March 31, 2024 New investment commitments made during the quarter totaled $285 million(1) Gross fundings, excluding revolver fundings(2), totaled $214 million for the quarter Net fundings, including revolvers(2), ...
MidCap Financial Investment Corporation Reports Financial Results for the Quarter Ended June 30, 2024
GlobeNewswire News Room· 2024-08-07 20:01
Results for the Quarter Ended June 30, 2024 and Other Recent Highlights: ___________________ Net investment income per share for the quarter was $0.45, compared to $0.44 for the quarter ended March 31, 2024 Net asset value per share as of the end of the quarter was $15.38, compared to $15.42 as of March 31, 2024 New investment commitments made during the quarter totaled $285 million(1) Gross fundings, excluding revolver fundings(2), totaled $214 million for the quarter Net fundings, including revolvers(2), ...
Why MidCap Financial (MFIC) is Poised to Beat Earnings Estimates Again
ZACKS· 2024-07-31 17:11
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider MidCap Financial Investment (MFIC) . This company, which is in the Zacks Financial - Miscellaneous Services industry, shows potential for another earnings beat. When looking at the last two reports, this investment company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 4.65%, ...
MidCap Financial (MFIC) Upgraded to Buy: Here's Why
ZACKS· 2024-07-31 17:01
MidCap Financial Investment (MFIC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. ...
MidCap Financial Investment Corporation Completes Mergers with Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc.
GlobeNewswire News Room· 2024-07-22 13:15
The final exchange ratios were based on MFIC's net asset value ("NAV") per share of $15.43, AFT's NAV per share of $14.73, and AIF's NAV per share of $14.57, each calculated as of July 19, 2024. As of June 30, 2024, MFIC's NAV per share was $15.38, AFT's NAV per share was $14.89, and AIF's NAV per share was $14.77. MFIC's NAV per share as of June 30, 2024 reflects net investment income of $0.45 per share for the June quarter and certain adjustments to the fair value of its investment portfolio. The change i ...
MidCap Financial Investment Corporation Schedules Earnings Release and Conference Call for Quarter Ended June 30, 2024
Newsfilter· 2024-07-16 20:05
MidCap Financial Investment Corporation (NASDAQ: MFIC) is a closed-end, externally managed, diversified management investment company that has elected to be treated as a business development company ("BDC") under the Investment Company Act of 1940 (the "1940 Act"). For tax purposes, the Company has elected to be treated as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). The Company is externally managed by Apollo Investment Management, ...
MidCap Financial Investment Corporation Schedules Earnings Release and Conference Call for Quarter Ended June 30, 2024
GlobeNewswire News Room· 2024-07-16 20:05
NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) (the "Company") announced today that it will report results for the quarter ended June 30, 2024, after the closing of the Nasdaq Global Select Market on Wednesday, August 7, 2024. The Company will host a conference call on Thursday, August 8, 2024, at 8:30 a.m. Eastern Time. All interested parties are welcome to participate in the conference call by dialing (800) 343-5172 approximately 5-10 minutes prior to th ...
Midcap Financial (MFIC) Merger Gets CEF Stockholders' Approval
ZACKS· 2024-06-24 14:21
Midcap Financial Investment Corp. (MFIC) and Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc.'s (collectively referred to as "CEF") proposed merger received approval from CEF Stockholders recently. The approval was granted during the special stockholders meeting on Jun 21, 2024. On May 28, 2024, MFIC's stockholders approved the merger in a special meeting. The merger is expected to be closed in late July, subject to fulfillment of customary closing conditions. Stockholders of CEF w ...
MidCap Financial: A Well-Covered 9.4% Yield, But Don't Chase It
Seeking Alpha· 2024-06-10 16:01
Portfolio Review, Non-Accruals, NII Performance MidCap Financial Investment is a diversified business development company with a large focus on Senior Secured loans. The BDC owned a $2.35 billion portfolio, as of March 2024, with First Liens accounting for a whopping 97% of investments in the corporate lending portfolio. MidCap Financial Investment is also, as I alluded to in my last review of the business development company in December 2023, heavily geared towards floating-rate loans (100% of the corporat ...